What caused Pennsylvania banks’ combined profit to drop 40 percent over a year ago, according to the Federal Deposit Insurance Corp.’s third-quarter report? The FDIC report combined figures from 197 Pennsylvania banks, so I wasn't sure if I'd get an answer but called anyway.

“It was one large bank with a goodwill impairment charge in the second quarter; they revised their prior report to reflect the charge,” Ross Waldrop, FDIC senior banking analyst, told me.

The financial institution was Citizens Bank of Pennsylvania, he said. Citizens is the second-biggest bank serving Pittsburgh as ranked by both deposits and branches.

The national report also marked the first decrease in net income in 17 quarters. That 4 percent decline was attributed to a single financial institution with $4 billion in litigation costs.

The good news is that numbers nationally and in the commonwealth were up in most categories.

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